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In Case You Missed It - August 2 Edition

By Sean Luechtefeld on 08/02/2011 @ 02:30 PM

Tags: Recommended Reading

In case you missed it, here’s your recap of last week’s top posts from in and around the assets & opportunity blogosphere.

Since You Haven’t Heard Enough Already
Unless this is your first visit to the interwebs in weeks, you’ve noticed that Congress has reached an agreement on the debt ceiling debate, Congress has approved the plan and it is on its way to President Obama’s desk as I write this blog post. Kathryn Baer’s Poverty & Policy blog provides an insightful analysis of the deal, arguing that while not ideal, much worse outcomes could have happened. Check it out here.

More on the Racial Wealth Gap
Last week, CFED President Andrea Levere spoke to the National Urban League Convention about some of the chilling findings released in a recent Pew Research Center report about the growing racial wealth gap. This week, the Oklahoma Policy blog reports that one factor compounding the problem is disparity between African-Americans and their white counterparts in unemployment levels. In Oklahoma, for example, the unemployment rate for whites is 7.2% (lower than the national average), but is almost twice that amount (13.1%) for African-American Oklahomans. Read all about it here.

Strong Cities Initiative Launches
The Harvard Kennedy School’s Government Innovators blog posted news about the White House “Strong Cities, Strong Communities” Initiative. The post explains the initiative, whose goal is to expand economic development within American cities across a variety of sectors. The program will include a six-city pilot, with Fresno, Memphis, Detroit, New Orleans, Cleveland, and Chester, PA, participating. Read the full press release here.

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